Hub Group (NASDAQ:HUBG) Price Target Cut to $38.00 by Analysts at Barclays

Hub Group (NASDAQ:HUBG) had its price target lowered by Barclays from $40.00 to $38.00 in a research report report published on Thursday, MarketBeat reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other analysts have also issued reports on the stock. Baird R W upgraded shares of Hub Group to a “strong-buy” rating in a research note on Tuesday, July 1st. Evercore ISI set a $37.00 price objective on shares of Hub Group and gave the company an “in-line” rating in a report on Tuesday. Stifel Nicolaus reduced their target price on shares of Hub Group from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Susquehanna decreased their price target on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Moderate Buy” and a consensus target price of $38.90.

Hub Group Stock Performance

Shares of HUBG stock opened at $33.88 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $2.07 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.13 and a beta of 1.12. The firm’s 50 day moving average price is $35.85 and its 200-day moving average price is $34.80. Hub Group has a one year low of $30.75 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The company had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, equities research analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Hub Group’s payout ratio is 30.30%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Hub Group by 4.4% during the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company’s stock worth $71,330,000 after purchasing an additional 80,718 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hub Group by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company’s stock worth $50,821,000 after purchasing an additional 9,608 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Hub Group by 90.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock worth $46,398,000 after buying an additional 592,443 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Hub Group by 79.2% during the 2nd quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after buying an additional 487,703 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Hub Group by 6.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company’s stock valued at $34,755,000 after buying an additional 55,206 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.